Congress is about to pass a historic climate bill. So why are oil companies pleased? | Kate Aronoff

The bill is a devil’s bargain between the Democrats, the fossil fuel industry, and recalcitrant senator Joe Manchin. Yet it’s better than nothing“We’re pleased,” ExxonMobil’s CEO, Darren Woods, said on an earnings call last month, speaking about the Inflation Reduction Act. He called the bill, now makin...